Building Details

Year Built 1900

Listing Agency: Be Live in Realty

Listed By: Lia Carminati Show Phone

Source: Cambridgerealty

Added: Oct 6 Changed: Oct 15 Last Checked: Oct 15 at 12:06AM

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Investment Insights

Based on property information with market context.

This three-unit residential property in Fitchburg includes two 3-bedroom, 1-bathroom apartments and one 2-bedroom, 1-bathroom apartment. One apartment is vacant; the other two are tenant occupied. A full basement has washer and dryer hookups, and the property includes off-street parking. Built in 1900, the building sits on a 9,135-square-foot lot.

Shopping, public transportation, commuter rail, major routes, schools, local amenities, and Fitchburg State University are identified as nearby. The unit mix and current occupancy provide a clear picture of the property's existing configuration.

Key Highlights

• Three apartments: two 3‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit
• One unit is vacant; the other two are tenant occupied
• Off‑street parking for up to 6 vehicles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,583

Cap Rate

8.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$991,660 $991.7K

Cap Rate 7%

$708,329 $708.3K

Cap Rate 9%

$550,922 $550.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,668 SF

Gross rent

$72.6K $19.80/SF

− Vacancy

−$1.8K −$0.49/SF

EGI

$70.8K $19.31/SF

− OpEx

−$21.2K −$5.79/SF

NOI

$49.6K $13.52/SF

Area

Worcester County, MA

Vacancy

2.47%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$991,660

Cap Rate 7%

$708,329

Cap Rate 9%

$550,922

Alternative Uses

Best Use

Multifamily LT 5

$708.3K

$619.8K – $826.4K (±1% cap)

NOI $49,583 @ 7.0% cap · market cap 8.28%

Second Best

Apartment 5plus

$616.4K

$539.4K – $719.2K (±1% cap)

NOI $43,150 @ 7.0% cap · market cap 7.20%

Theoretical Best

Office A

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,680 @ 7.0% cap · market cap 14.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Computer & Electronic Repair Bakery Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

962

Businesses Nearby

Explore this area Business Placement

Demographics for 01420, MA

41,940

Population

17,998

Households

2.3

Avg Household Size

37

Median Age

24%

College-Educated

87%

High-School Grad

30.1 sq mi

ZIP Area

1,393

Density / Sq Mi

$70,334

Median Household Income

$41,753

Median Earnings

$1,131

Median Rent

$294,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three apartments include one available unit, while a full basement has washer and dryer connections.

Where is this triplex located?

The property is located at 76-78 Nashua Street Fitchburg, MA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Three apartments: two 3‑bedroom, 1‑bathroom units and one 2‑bedroom, 1‑bathroom unit; One unit is vacant; the other two are tenant occupied; Off‑street parking for up to 6 vehicles